Canada plan buys stock trading stake

clock •

CANADA - The Canada Pension Plan Investment Board has reportedly agreed to pay C$17.5m for a 10% stake in a new stock trading system that will compete with TSX Group Inc.'s Toronto Stock Exchange.

The new electronic trading system, named Alpha, will begin next year, subject to regulatory approvals. Companies such as Nomura Holdings Inc and Canadian Trading and Quotation System Inc are al...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Canada

Canada

Pension funds keep Canadian M&A activity afloat

CANADA - Canadian pension funds kept mergers and acquisitions (M&A) activity in the country afloat in the third quarter, according to PwC.

Jenny Cosgrave
clock 01 November 2011 •
Canada

Canadian longevity risk transfer market could hit $20bn

CANADA - The nascent Canadian longevity risk transfer market could hit $20bn by 2020, Swiss Re finds.

Jenny Cosgrave
clock 26 October 2011 •
Canada

OTPP, Illinois TRS invest in NXT Capital

CANADA/US - Teachers' Private Capital, a unit of the C$107.5bn ($106.4bn) Ontario Teachers' Pension Plan, and the $37.3bn Teachers' Retirement System of the State of Illinois have made equity investments to finance company NXT Capital.

Jaishree Kalia
clock 26 October 2011 •
Trustpilot